Undercurrent News is proposing the implementation of weekly US wholesale price reporting for the live lobster markets. We are gathering industry participant feedback to ensure these assessments align with market needs.

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free read Video explainer: Track US wholesale seafood prices with UCN’s new portal

The UCN price assessments will represent live lobster sourced from both the US and Canada, reflecting transactions from the importer, or domestic harvester, to the first receiver.

The proposed specifications will cover a range of live lobster products with a focus on key sizes. Details of the coverage are outlined below:

Sample proposed product coverage:

Market specifications: The price reporting will focus on FOB New England pricing for live lobster products including hard shell and new shell forms.

Quotation series: Prices will reflect less-than-truckload (LTL) volumes, expressed in $/lb. This will provide buyers, sellers, traders, and market participants with a comprehensive understanding of market values at key points in the supply chain.

This initiative aims to provide valuable and independent price benchmarks for the lobster industry, complementing our established reputation as a credible global seafood news supplier. With over 3,500 data sets across key species, this new service will further strengthen our offerings.

Your input matters

We invite your feedback to tailor this service to reflect current market conditions and better support your business decisions.

Please send any comments or questions regarding this proposal to methodology@undercurrentnews.com by March 7, 2025.

All feedback will be acknowledged, and if industry support is confirmed, we aim to launch this price-reporting service on March 24, 2025.

Thank you for your continued support. We look forward to working together to build a reliable and robust lobster price reporting service.

UCN Team